We believe that the momentum in liquidity indicates that the bullish stance could continue. As long as the Nifty holds above the 24,500 zone, the ongoing momentum could accelerate beyond the 25,250 to 25,500 levels.
Gold prices may face near-term retracement due to stronger dollar, yields
Stronger bond yields, a rising US dollar, and risk-on sentiment in equities may lead to a short-term retracement in gold prices, according to the World